|Bid||223.58 x 1100|
|Ask||223.60 x 800|
|Day's Range||222.00 - 223.76|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||18.94|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||3.08 (1.40%)|
|1y Target Est||224.48|
Netflix co-founder says competitive streaming pricing is a "great thing" as Apple TV+, Disney+ prep November launches
Disney CEO Bob Iger has left Apple's board of directors as the Disney+ and Apple TV+ video services prepare to go head to head.
Apple® today previewed the new Apple Fifth Avenue, an entirely reimagined space beneath one of New York City’s most recognized landmarks. With its distinctive, luminous glass cube rising above a newly designed public plaza, Apple Fifth Avenue is ready to resume its place at the heart of one of the world’s most vibrant creative communities. Now nearly double the size of its original version with a higher ceiling and more natural light, Apple Fifth Avenue is a brighter, more expansive space, and the perfect stage for customers to discover and try Apple’s newest products.
If Steve Jobs hadn’t died, “we would have combined our companies, or at least discussed the possibility very seriously,” Iger wrote in his memoir.
Amazon's (AMZN) Amazon Music HD is likely to give tough competition to Apple, Spotify, Google and Sirius, which are also making every effort to bolster their presence in music streaming space.
Codenamed Orion, Facebook's (FB) smart glasses are reportedly being designed to disrupt the smartphones market when it hits the shelves anywhere between 2023 and 2025.
Shares of Microsoft Corp. rose 1.3% to pace the premarket gainers among the Dow Jones Industrial Average's components, after the software behemoth announced an 11% dividend hike and approved a $40 billion stock repurchase program. Based on Wednesday's stock closing price of $138.52, the new annual dividend rate of $2.04 raises Microsoft's implied dividend yield to 1.47% from 1.33%, to leapfrog Apple Inc.'s yield of 1.38% into 25th place among the Dow's 30 components. Apple's stock edged up 0.1% ahead of the open. The premarket stock gains indicates Microsoft will stretch its lead as the largest U.S. company by market capitalization, which was $1.06 trillion as of Wednesday's close, above second-place Apple at $1.01 trillion.
Dow futures: The stock market rally held up after a Fed rate cut and Fed chief Jerome Powell's comments. Apple is a buy again. Microsoft rose late on a buyback. Will AT&T; sell DirecTV?
Apple Inc. and the Walt Disney Co. could have merged had Steve Jobs not died, Disney Chief Executive Bob Iger believes.
Huawei directly challenged Apple's new iPhone 11 with its new Mate 30 smartphone range on Thursday, highlighting its own apps brand while sidestepping the critical issue of access to Google services. Top salesman Richard Yu showcased the new models in the first such event since President Donald Trump hit Huawei with a U.S. export ban in May.. "It's got a large screen but it's very compact in your hand," Yu, head of Huawei's consumer business, said of the phone, whose fate in Europe will hang on whether customers buy a device lacking access to software and apps supported by Google.
Reports say HBO Max spent between $600 million up to “billions” for “The Big Bang Theory” in the streaming war of the reruns.
The retailer is offering a higher quality HD streaming service for 50 million songs, with digital sound quality similar to CDs.
(Bloomberg) -- The trade war is taking its toll on Apple Inc., a new survey of Chinese consumer attitudes shows.The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies Co., climbed two spots and came in second, behind only Chinese payment service Alipay.The shuffle in the rankings is a sign of the growing challenge American brands face in the second year of Donald Trump’s tariff showdown with his Chinese counterpart, Xi Jinping. The survey findings show Chinese consumers growing cooler towards some American brands, especially after smartphone giant Huawei saw its Chief Financial Officer, Meng Wanzhou, arrested in Canada last year at the behest of the U.S. government.Trump followed with a ban on Huawei products, which helped fuel a surge of local support for the Shenzhen-based brand, according to Jay Milliken, senior partner in Hong Kong with Prophet, the San Francisco-based consultancy that conducted the survey of 13,500 Chinese consumers.Prophet’s survey, conducted annually, this year asked Chinese consumers in large cities for their views on more than 250 brands across 27 categories. Respondents evaluated brands they used or were considering using, rating rated their relevance to the lives of consumers based on qualities such as innovation, usefulness and dependability.‘Nationalistic Buying’“There’s a lot of nationalistic buying in that category, because Chinese consumers interpreted what happened to Huawei as an attack,” he said.Patriotism helped fuel the rise of other Chinese brands, too. Sportswear maker Li Ning Co. cracked the top 40 for the first time, ranked No. 34, just two spots behind market leader Nike Inc.Named after its founder, the famous gymnast, Li Ning capitalized on the nationalistic sentiments of many Chinese consumers with the launch last year of a China Li-Ning collection at New York Fashion Week that heavily used red and yellow, China’s national colors.There were only two American names in the top ten this year -- Android at No. 3 and Intel at No. 9 -- compared to five in the 2017 survey.Switching AllegiancesUnlike Apple, Android and Intel don’t have to worry about consumers switching allegiances to local competitors, Milliken said, and that explains why they manage to remain highly ranked.“Some Western brands are so integral in the lives of Chinese consumers, they’re almost predisposed to not losing relevance,” he said. “There are no Chinese alternatives so those remain super relevant.”Geopolitical tensions aren’t the only problem Apple faces in China, its biggest market after the U.S.While Beijing is pushing to make the country a leader in the introduction of high-speed 5G networks, Apple’s phones -- even the newly announced iPhone 11 -- don’t support that latest wireless standard.To contact the reporter on this story: Bruce Einhorn in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Emma O'Brien at email@example.com, Bhuma Shrivastava, Rachel ChangFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Apple officially launches its Arcade online gaming service that will allow subscribers to play more than 100 games curated by the tech giant for $4.99 a month.
(Bloomberg) -- Shenzhen Transsion Holdings Co., a Chinese handset maker largely unknown outside of Africa, has priced its initial public offering at double the valuation of Apple Inc.Transsion, whose mobile handsets outsell iPhone and Galaxy smartphones in Africa, is going public on Shanghai’s Nasdaq-style Star Board, setting its IPO at 35.15 yuan a share, implying a trailing earnings multiple of 42.8 times, according to a filing published on Wednesday.That compares with Apple’s 18.98 times and fellow rival Samsung Electronics Co.’s 9.92 times, according to data compiled by Bloomberg. Fellow Chinese smartphone maker Xiaomi Corp. is trading at 17.8 times estimated earnings for the next four quarters.Rich valuations are nothing new on the Star market, where regulators removed an unwritten valuation cap on companies going public that has led to some eye-popping multiples. Shenzhen Chipscreen Biosciences Co. set a record on the tech board with an IPO price that represented an earnings multiple of 467.51 times.Since founding the Tecno Mobile brand in 2006, founder Zhu Zhaojiang has overseen an expansion that now claims a 48.7% market share in Africa, according to a previous filing. Transsion shipped 94.44 million mobile phones to Africa in 2018, out of a total of 124 million global shipments.The sky-high valuations on the Star market have been met by equally elevated gains. Since it launched in the middle of this year, 29 companies have listed with an average surge of around 150% from their IPO prices, according to data compiled by Bloomberg.\--With assistance from Fox Hu and Ken Wang.To contact the reporter on this story: Julia Fioretti in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, Teo Chian WeiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. stock futures pointed to a lower open for Wall Street after the Federal Reserve cuts U.S. rates for the second time this year; Apple Arcade launches Thursday; Datadog raises $648 Million in its initial public offering; AT&T; reportedly is looking to either spin off DirecTV or combine it with Dish.
Should investors consider buying Micron (MU) stock with the chipmaker set to report its quarterly financial results on Thursday, September 26?
Huawei launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect. The Chinese telecoms giant will showcase its Mate 30 range in Munich, Germany, in its first unveiling of an all-new phone since President Donald Trump hit the Shenzhen-based company with an export ban in May. Holding the launch in Europe underlines the importance of the region's 500 million consumers to Huawei.
Steve Dowling will step down after the end of next month after five years as VP and a decade as head of corporate public relations. He told employees that he plans to take time off and is apparently not moving to another job, Recode reported.